People who live in poor countries have to be entrepreneurial even just to survive.
Ha-Joon ChangRead
[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.
Interpretation
What this quote means
Effective management involves recognizing and enhancing the positive traits of individuals while minimizing their negative traits.
This quote emphasizes the importance of understanding the dual nature of individuals in a management context. A good manager recognizes that every person has both strengths and weaknesses, and the key to successful leadership lies in fostering and highlighting their positive attributes while addressing and mitigating their shortcomings. This approach not only boosts morale but also enhances overall team performance.
Themes
ManagementLeadershipPeoplePositiveMotivation
In practice
Example use cases
During a team meeting, to encourage positive behavior and teamwork.
More from Ha-Joon Chang
All quotes βThe widely accepted assertion that, only if you let markets be will everyone be paid correctly and thus fairly, according to his worth, is a myth. Only when we part with this myth and grasp the political nature of the market and the collective nature of individual productivity will we be able to build a more just society in which historical legacies and collective actions, and not just individual talents and efforts, are properly taken into account in deciding how to reward people.
Ha-Joon ChangRead
Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.
Ha-Joon ChangRead
Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.
Ha-Joon ChangRead
The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get a better view, promoting the others behind them to stand. Once enough people stand, everyone has to stand, which means no one is getting a better view, while everyone has become more uncomfortable.
Ha-Joon ChangRead
There is no such thing as a free market.
Ha-Joon ChangRead
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